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Dec 29, 2012
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. >> you've been watching washington for a long time. are there any grown-ups in the house? do you have any optimism that these guys can come to some sort of agreement here? >> we saw last week, that speaker boehner doesn't control the far right of his own caucus. the problem is the polarization of the two parties has made it much more difficult to come together to get a deal. even, and this is the reality check, folks, 98% is agreed upon. both parties agree that 98% of americans shouldn't have their taxes raised. we're being held hostage by debate over the top 2%. that's not just an ideological divide. that's a partisan divide. it is holding our economy hostage right now. every american stands to see their taxes raised in three days if they can't come to a deal. >> you agree they will probably come to a small deal. but the bigger issue could happen a couple of months from now, and that that's the debt ceiling, which we have to address, too. that's kicking the can down the road again. >> that's right. we're going to be here again. rememb
. >> you've been watching washington for a long time. are there any grown-ups in the house? do you have any optimism that these guys can come to some sort of agreement here? >> we saw last week, that speaker boehner doesn't control the far right of his own caucus. the problem is the polarization of the two parties has made it much more difficult to come together to get a deal. even, and this is the reality check, folks, 98% is agreed upon. both parties agree that 98% of americans...
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Dec 29, 2012
12/12
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this is sears >> good morning, washington. winter weather possible today, especially north and west of the city. temperatures generally above freezing. thes all arranged to southeast. in annapolis. if you light snow showers in the .areastown we have two systemsoming at us, one from the tennessee the and another from carolina coast. will miss the area.gton have a winter weather advisory until 6:00. and they could have anywhere from 1-3 inches of snow activit 2-for may be closer to north and west to get. be all ranid to the south. mostly rain. high's 35-40. >>> give me the rope from under the seat. >> take a look at this dramatic chain reaction, ice rescue in the mountains of california. one by one, he's sledders plunging into the icy waters. and the whole thing was caught on tape. coming up, how all these people were saved in a matter of moments. 12 people falling into the ice. horrifying video. >> incredible video. we'll show you the rescue in a few minutes. good morning, america. i'm dan harris, alongside bianna golodryga on
this is sears >> good morning, washington. winter weather possible today, especially north and west of the city. temperatures generally above freezing. thes all arranged to southeast. in annapolis. if you light snow showers in the .areastown we have two systemsoming at us, one from the tennessee the and another from carolina coast. will miss the area.gton have a winter weather advisory until 6:00. and they could have anywhere from 1-3 inches of snow activit 2-for may be closer to north...
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Dec 29, 2012
12/12
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>> you've been watching washington for a long time. are there grown-ups in the house? can these guys come to an agreement here? >> we saw last week, that speaker boehner doesn't control the far right of his caucus. this is the reality check, folks, 98% is agreed upon. 98% of americans shouldn't have their taxes raised. we're being held hostage by debate over the top 2%. that's a partisan divide. every american stands to see their taxes raised in three days if they can't come to a deal. >> you agree they will probably come to a small deal. but the bigger issue could happen a couple of months from now, and that that's the debt ceiling. that's kicking the can down the road again. >> that's right. we're going to be here again. remember the debt ceiling debacle a year and a half ago. that led to the downgrading of our credit. and the s&p blamed an atmosphere of partisanship. but the ration questions americans have to ask themselves, is if we couldn't get anything done in the lame duck congress, after the election, politicians will be free t
>> you've been watching washington for a long time. are there grown-ups in the house? can these guys come to an agreement here? >> we saw last week, that speaker boehner doesn't control the far right of his caucus. this is the reality check, folks, 98% is agreed upon. 98% of americans shouldn't have their taxes raised. we're being held hostage by debate over the top 2%. that's a partisan divide. every american stands to see their taxes raised in three days if they can't come to a...
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Dec 29, 2012
12/12
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CSPAN
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host: next up is don on the washington redskins. -- "washington journal." caller: i've been on social security for several years now. it's my understanding that the amount of money that you pay in through the payroll tax affects the amount of social security that you receive and it looks to me like people are under the illusion that this 2% is a good deal but at the same time, why they're going to be shortening themselves when they retire. is that right? guest: so that's a good question. it actually isn't really right. so the payroll tax is basically being used as a vehicle to deliver the tax cuts to workers. the way the federal budget accounting works is that the money that is not going into the social security system via the reduced payroll tax, is being reimbursed from general revenue so the reduced -- the reduced payroll tax from the last few years will not affect benefits that you accrue for the future. host: mark of the american enterprise institute writes under the headline "make the middle class pay more." he says -- host: your thoughts about what m
host: next up is don on the washington redskins. -- "washington journal." caller: i've been on social security for several years now. it's my understanding that the amount of money that you pay in through the payroll tax affects the amount of social security that you receive and it looks to me like people are under the illusion that this 2% is a good deal but at the same time, why they're going to be shortening themselves when they retire. is that right? guest: so that's a good...
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Dec 29, 2012
12/12
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WETA
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>> "inside washington" is brought to you in part by the american federation of government employees -- proud to make america work. for more information about afge and membership, visit afge.org. >> what do you think a tree can be? can it be stronger than steel? can a tree be biodegradable plastic? can it be fuel for our cars or clothing or medicine that fights cancer? with our tree cell technology, we think it can. weyerhaeuser, growing our roots. [applause] >> this week on "inside washington," the thrill of victory -- >> barack obama has been reelected the 44th president. >> the agony of defeat. >> this election is over, but our principles under. >> the year 2012 in review. >> the supreme court has upheld the requirement that every american by insurance. >> the year of the cliffhanger. >> raising tax rates is unacceptable. >> of natural disasters. >> it is like the apocalypse. >> and human tragedies. >> they are saying someone is shooting in the auditorium. >> of political fumbles. >> i have five seconds before you interrupted me. >> and shoppers. >> the seriousness of having a cia d
>> "inside washington" is brought to you in part by the american federation of government employees -- proud to make america work. for more information about afge and membership, visit afge.org. >> what do you think a tree can be? can it be stronger than steel? can a tree be biodegradable plastic? can it be fuel for our cars or clothing or medicine that fights cancer? with our tree cell technology, we think it can. weyerhaeuser, growing our roots. [applause] >> this...
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Dec 29, 2012
12/12
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it will solve washington's budget crisis. what do people do when money is tight? they hold a garage sale . >> state owned businesses like amtrak to california. is it time for the federal government to sell what they don't need? >> instead of raising taxes that takes money out of the economy and lower economic activity we utto look at selling federal assets. >> like the va billions . both cases pol tiddingses said no. >> congressman representing the district and they want to make they are taken care of and sometimes that may get in the way of what is best for the next. >> the federal government is america's biggest landlord and selling 20 percent of the empty or unperforming buildings stave two billion. >> you go to the garage and clear it out. the government is it no defendant. >> they refuse to sale valuable public land . let mining companies take billions for free . without charging royalties like we do for oil and natural gas. two taxpayer owned utilities and power would bring in more. a commission could over see the sale to overcome partison op. >> looking at
it will solve washington's budget crisis. what do people do when money is tight? they hold a garage sale . >> state owned businesses like amtrak to california. is it time for the federal government to sell what they don't need? >> instead of raising taxes that takes money out of the economy and lower economic activity we utto look at selling federal assets. >> like the va billions . both cases pol tiddingses said no. >> congressman representing the district and they want...
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Dec 29, 2012
12/12
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most of washington, d.c. area. you can see the winter storm warnings and advisories all throughout the northeast, throughout the day. this whole storm system is going to track just to the southeast of martha's vineyard and nantucket in massachusetts. the coldest side of the storm will move through boston, back through northern rhode island and into northern connecticut as well. that's why that's an area that will see most of the snowfall. picking up in intensity across pennsylvania and also back up to syracuse as well. wider view of our snouf estimates shows a widespread swath of 3 to 6 inches. in the boston area, we should pick up a few inches before it tries to mix with rain. the outer areas of cape cod should mix with rain. you go inland a bit. 3 to 6 inches could end up with seven or eight inches as well this is a southern new england snowstorm. we'll basically pick up two to four inches out of this storm. t.j. >> dylan, thank you so much. i want to turn to the legal fallout from the sandy hook elementary schoo
most of washington, d.c. area. you can see the winter storm warnings and advisories all throughout the northeast, throughout the day. this whole storm system is going to track just to the southeast of martha's vineyard and nantucket in massachusetts. the coldest side of the storm will move through boston, back through northern rhode island and into northern connecticut as well. that's why that's an area that will see most of the snowfall. picking up in intensity across pennsylvania and also...
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Dec 29, 2012
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washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this recovery. steve, you wanted to get in there? >> yeah, let me be the bull here for a minute. we talk auld time about the energy sector and it's not just the energy sector, we've had a mini renaissance in manufacturing in this country, in transportation because of the fact the energy prices are falling and makes the american much more competitive at the margin. i think 2013 is going to see continued declines in energy prices. that's like a tax cut for the american consumer, paul. >> but, paul, the thing we haven't mentioned here is unemployment. we'v
washington or the private economy? >> well, i think, actually if you look at a couple of indicators, it's not good for at least the first half of 2013. one is business investment. business investment is now weaker than in 2008. and on top, so you have lots of companies sitting on their hands and you also have small business confidence taking a huge hit in november, which is very worrying. and person per capita, person income. >> it's still down from even at the start of this...
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Dec 29, 2012
12/12
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KPIX
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reporter: but what about possibility of speed bumps that could be caused by an economic stalemate in washington? >> i don't see that our consumers are particularly concerned about "fiscal cliff." they are just ready to buy. >> reporter: that goes especially for higher end luxury cars or what they call exotic cars like this 2013 bentley continental. according to a recent survey by j.d. power, a leading auto industry forecaster, high-end cars will make up 16% of retail vehicles sold in december. that's up from 15.3% last month. a year ago, it was 14.8%. so this is a little over a 1% increase year-over-year. >> people are buying because we have lots of new models. and the banks are being very flexible. >> reporter: luxury car sales are traditionally up around the holidays because that's when bosses get their bonuses but dealers are also reporting even heavier increases in other types of cars. sales of so-called light vehicles light passenger cars and suvs are expected to improve by more than 13% year to year according to edmunds. the american car market is on the path towards finishing the year at
reporter: but what about possibility of speed bumps that could be caused by an economic stalemate in washington? >> i don't see that our consumers are particularly concerned about "fiscal cliff." they are just ready to buy. >> reporter: that goes especially for higher end luxury cars or what they call exotic cars like this 2013 bentley continental. according to a recent survey by j.d. power, a leading auto industry forecaster, high-end cars will make up 16% of retail...
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Dec 29, 2012
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doocy standing by in washington. hello, pete. >> dave: hello peter. >> hello juliet, dave and clayton. we have been told about meetings about ways to avoid the fiscal cliff. not sure how they are going to hammer out details in the house. the principle negotiators. the leadership from both parties could be brought in later in the day. president obama has said, he said yesterday that if those leaders and those congressional negotiators cannot figure out how to compromise, then is he going to tell the senate just to vote anyways because he thinks with an up or down vote, senators with a support the plan that is already out there. the main hold up with the deal so far has been a fight over who should be classified as rich. democrats want to start letting tax cuts expire for anyone making more than $250,000. many republicans though want that number to go up to at least $400,000 a year. they think that's a better threshold. but, still, the senate minority leader mitch mcconnell thinks things are heading in the right direct
doocy standing by in washington. hello, pete. >> dave: hello peter. >> hello juliet, dave and clayton. we have been told about meetings about ways to avoid the fiscal cliff. not sure how they are going to hammer out details in the house. the principle negotiators. the leadership from both parties could be brought in later in the day. president obama has said, he said yesterday that if those leaders and those congressional negotiators cannot figure out how to compromise, then is he...
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Dec 29, 2012
12/12
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washington cannot tolerate threat from outsiders who may disrupt their comfortable world. the firefight started, a lesser person could not have survived the first few minutes of the onslought. but out of the billowing smoke and dust, tweets and trivia, emerged newt gingrich. >> that, of course, was the best actual political theater of 2012, tony award winner john lithgow's reading of the press release, i think it was. but let's do the best political theater of 2012, and we'll now start with alex wagner again, because she is demanding. >> it is a contractual obligation. it was the best, because i couldn't believe it was happening in mid-august. mitt romney took to the white board to explain what he was doing with medicare. which, in and of itself was a hoax, but the notion that this man would have this horribly stage-managed moment in an effort to show he was all about business. he cemented every narrative out there. >> i don't know if the mice can pick it up, but the drinks are being spilled there over at that table. krystal ball, the best political theater. >> well, i als
washington cannot tolerate threat from outsiders who may disrupt their comfortable world. the firefight started, a lesser person could not have survived the first few minutes of the onslought. but out of the billowing smoke and dust, tweets and trivia, emerged newt gingrich. >> that, of course, was the best actual political theater of 2012, tony award winner john lithgow's reading of the press release, i think it was. but let's do the best political theater of 2012, and we'll now start...
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Dec 29, 2012
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washington cannot tolerate threat from outsiders who may disrupt their comfortable world. the firefight started, a lesser person could not have survived the first few minutes of the onslaught. but out of the billowing smoke and dust of tweets and trivia emerge emerged gingrich. >> that, of course, was the best actual political theater of 2012, tony award winner john lithgow's reading of a newt gingrich press release, i think it was. but let's do the best political theater of 2012, and we'll now start with alex wagner again, because she's demanned that sde start. >> it is a contractual obligation. it was the best, because i couldn't believe it was happening in mid-august. mitt romney took to the white board to explain what he was doing with medicare. which, in and of itself was a hoax, but the notion that this man would have this horribly stage-managed moment in an effort to show he was all about business. he cemented every narrative out there. >> i don't know if the mikes can pick it up, but the drinks are being spilled there over at that table. krystal ball, the best poli
washington cannot tolerate threat from outsiders who may disrupt their comfortable world. the firefight started, a lesser person could not have survived the first few minutes of the onslaught. but out of the billowing smoke and dust of tweets and trivia emerge emerged gingrich. >> that, of course, was the best actual political theater of 2012, tony award winner john lithgow's reading of a newt gingrich press release, i think it was. but let's do the best political theater of 2012, and...
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it's happening now in washington. we'll tell you what the president and lawmakers are doing to avoid massive tax hikes from taking effect just three days from now. >>> a brutal gang rape in india has now turned into a murder case. the victim has died. we'll have more on her courageous battle for survival and growing outrage over the attack. >>> and federal investigators say they've made an arrest in connection with this week's deadly ambush of two firefighters in upstate new york. >>> first, the intense negotiations to reach a debt deal and keep almost every american's tax bill from going up on january 1. here's a quick snapshot of what that would look like if a compromise isn't reached. the senate's top democrat and republican are holding talks this weekend after meeting with the president at the white house. we have more. >> reporter: after a rare oval office meeting with top congressional leaders, the president said he's modestly optimistic a deal can come tother. emphasis on modestly. >> the american people are wa
it's happening now in washington. we'll tell you what the president and lawmakers are doing to avoid massive tax hikes from taking effect just three days from now. >>> a brutal gang rape in india has now turned into a murder case. the victim has died. we'll have more on her courageous battle for survival and growing outrage over the attack. >>> and federal investigators say they've made an arrest in connection with this week's deadly ambush of two firefighters in upstate new...
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Dec 29, 2012
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and paul, you are a well-known veteran of all things washington. what is really going on behind the scenes right now as we wait to learn if they can reach a compromise or not? >> you know, the sound bite you ran at the top of this piece just i think showed the frustration that so many people have about this, and i think what we're really going to see here is kind of a the phrase small ball is back. we're not going to get any kind of a grand bargain, a term that's been tossed around lately. i think all we're going to get is simply a smaller tax deal. the big thing is things are going to work out -- they're going to work out something that will keep taxes rising for most people. the main point of disagreement, of course, remains this will kick over into the new year what to do about folks making i think probably $250,000 or more although the $400,000 figure has been kicked about, as well. and the other thing probably that appears to be on the table extending unemployment insurance for 2 million americans. that appears to be it. the other things that
and paul, you are a well-known veteran of all things washington. what is really going on behind the scenes right now as we wait to learn if they can reach a compromise or not? >> you know, the sound bite you ran at the top of this piece just i think showed the frustration that so many people have about this, and i think what we're really going to see here is kind of a the phrase small ball is back. we're not going to get any kind of a grand bargain, a term that's been tossed around...
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Dec 29, 2012
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gay marriage ceremonies began in washington state earlier this month. maryland's law takes effect on tuesday. >>> the idaho republican u.s. senator arrested on suspicion of dui says he does not plan to fight the charges when he appears in court next month. police say mike crople had a blood alcohol level of 0.11% when he was pulled over early sunday in alexandria, virginia. a secondary blood alcohol test in jail shows he register add higher level an hour after being arrested. in a statement, the senator apologized for his actions. >>> well, governor jerry brown has checked off most of his to-do list for 2012. he still has a lot of work ahead in the new year. at the top of his agenda, a massive water infrastructure project for the sacramento-san joaquin delta and making sure the nation's first high speed rail system gets on the tracks. brown says he is excited for the new year and hopes to keep state spending under control. >>> if you've been to the gas station recently, you may have noticed prices inching up. according to aaa, many stations in the bay a
gay marriage ceremonies began in washington state earlier this month. maryland's law takes effect on tuesday. >>> the idaho republican u.s. senator arrested on suspicion of dui says he does not plan to fight the charges when he appears in court next month. police say mike crople had a blood alcohol level of 0.11% when he was pulled over early sunday in alexandria, virginia. a secondary blood alcohol test in jail shows he register add higher level an hour after being arrested. in a...
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Dec 29, 2012
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>> kristin welker in washington, thanks. >>> john harwood is cnbc's chief washington correspondent. good morning to you. >> good morning, carl. >> we are down to the wire. a couple of days left. senate leaders are talking. what kind of deal could we be looking at? >> we could be looking at a deal that extends tax cuts for everyone under $400,000 in income. this is the spot that people have been discussing. it was the last offer from the president to john boehner, the house speaker, before negotiations collapsed. it would do a few other thing like take care of the alternative minimum tax, protect taxpayers from the expansion of that burden. it would also raise medicare reimbursements for doctors or prevent them from falling, rather, extend unemployment benefits. the irony is that this is a much worse deal for republicans than they could have had earlier because it's not likely to include spending cuts or reforms of entitlement programs. at this point, republicans are knowing that they'll lose the tax debate are trying to figure out what are the least bad terms they can lose on. >> yo
>> kristin welker in washington, thanks. >>> john harwood is cnbc's chief washington correspondent. good morning to you. >> good morning, carl. >> we are down to the wire. a couple of days left. senate leaders are talking. what kind of deal could we be looking at? >> we could be looking at a deal that extends tax cuts for everyone under $400,000 in income. this is the spot that people have been discussing. it was the last offer from the president to john...
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Dec 29, 2012
12/12
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CSPAN
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[inaudible] >> tonight, the latest on the fiscal cliff negotiations in washington. we will show you remarks from president obama at the white house and senate majority leader harry reid and mitch mcconnell on the senate floor. first, an update on where negotiations stand after the meeting between president and congressional leaders at the white house. >> steven dennis joins us from the role call as a white house reporter. stephen, how did the meeting between the president and congressional leaders go? >> i think it was a meeting where they may be set the framework for getting a short- term deal to avert tax increases for most americans, extend unemployment benefits, and maybe take care of a few other small things. at this point, it is a race against the clock and it is up to harry reid and mitch mcconnell and the senate to see if they can have a bipartisan compromise. the president said if he cannot come up with something in the next couple days, he wants harry reid to bring a bill to the floor that would do with the president wants to do, which is tax increases, ex
[inaudible] >> tonight, the latest on the fiscal cliff negotiations in washington. we will show you remarks from president obama at the white house and senate majority leader harry reid and mitch mcconnell on the senate floor. first, an update on where negotiations stand after the meeting between president and congressional leaders at the white house. >> steven dennis joins us from the role call as a white house reporter. stephen, how did the meeting between the president and...